Underwriter Job Description
Credit Analysts Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making. Insurance Underwriters Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Underwriter Salary Statistics as of 2015
Average annual salary for a Underwriter is $52109 based on statistics in the U.S. as of 2015. The highest salary recorded was $78656. The lowest salary reported was $34879. These figures will vary on a state to state basis as these are averages across all 50 states.
Median hourly wage for a Underwriter is $16.055 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $22.11. The lowest hourly rate recorded was $10. These figures will vary on a state to state basis as these are averages across all 50 states.
Bonuses for a Underwriter are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $4000 from people with 15+ years of experience. The average bonus recorded was $993 from people with under 1 year of experience.
These are the highest paying states for a Underwriter. These numbers are based off the median annual salary as of 2015.
California – $41,290 – $82,867
Florida – $34,493 – $68,499
Georgia – $38,424 – $77,350
Illinois – $43,094 – $85,588
New York – $34,982 – $89,730
Pennsylvania – $35,585 – $67,193
Texas – $36,215 – $72,367
These are the highest paying cities for a Underwriter. These numbers are based off the median annual salary as of 2015.
New York, New York –
Chicago, Illinois –
Atlanta, Georgia –
Dallas, Texas –
Los Angeles, California –
San Francisco, California –
Philadelphia, Pennsylvania –
This chart outlines the average annual salary of a Underwriter from the past 5 years. In 2015 the average annual salary was $52109 while in 2007 it was just $48324.97
